Palm oil extends rally to near record as supply outlook tightens

Futures in Kuala Lumpur rose as much as 2.2% to RM4,480 a ton, the highest since May 12, when prices reached a record high of RM4,506.

KUALA LUMPUR: Palm oil extended an advance to the highest level in two months on Tuesday amid signs of sustained weakness in Malaysia’s production.

Futures in Kuala Lumpur rose as much as 2.2% to RM4,480 a ton, the highest since May 12, when prices reached a record high of RM4,506.